Demo account or Micro ?

Demo account has great value if you have a perfect discipline or for testing an EA (keeping in mind that in real condition (ie real account) things are always a little bit different).

 

The demo account is really very convenient and practical, and it helped me out more than once at the beginning of trading, and even when I have some experience, I still use it to test my strategies.

 

Indeed the incompatibility between the MT4 and MT5 scripts is holding me back to switch over, I would definitely test your method.

 

The demo account can be used when you are at the initial stage of trading, and the demo account help to build skills and help in strategic growth.

The Micro account can be the first live account used by beginners after proper training from using a demo account so that risk is lower and capital invested also is lower and can experience live trades.

 

I recommend trading with the micro account if you already have the demo account experience. The demo account will teach you the basics of live trade and familiarize the platform's software.

The Micro account in live trade is the best experience to learn and develop new skills and strategies. Since the invested amount is lower, the risk involved is also less.

 

I suggest demo trading for beginners venturing into forex for the first time to learn the basics of forex trading.

For traders that have spent more time on demo and looking to go live would suggest Mirco because the risk is lower and you will gain experience on live trades.

 

Exactly.
Demo trading is extremely important for beginners. Traders can learn in an efficient manner because there is no fear of losing money. The can try their strategies on demo trading.

 

Indeed, it is very important to prepare mentally, because there is a certain fear of the unknown.

 

If your a first time trading in forex it would be better trading with a demo account to understand the market and its platforms.

Whereas if you are already trading for over six months in a demo and do not want to risk a lot in live trade, it is better to start with a micro account.

 

A demo account is a great way to do practice and it is helpful to rest you forex trading strategy and after you sure you can start real trading.